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🇵🇭 Philippines News Archive

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Rappler Philippines

DICT Retracts Claim of House Summons for Meta CEO Zuckerberg

The Philippines' Department of Information and Communications Technology (DICT) retracted its earlier claim that Mark Zuckerberg was summoned to a congressional hearing, urging reliance on official records for accurate reporting.

Inquirer NewsInfo

DPWH Davao Region Chief Subpoenaed in Flood Works Probe

The National Bureau of Investigation (NBI) has subpoenaed the director of the Department of Public Works and Highways (DPWH) in Davao Region as part of an investigation into alleged irregularities in flood control works, raising concerns about public infrastructure integrity.

GMA Money Philippines

Oil prices likely to remain high until yearend - DOE

The Philippines' Department of Energy (DOE) predicts oil prices will remain elevated until the end of the year due to the prolonged Middle East conflict. Public transport drivers face financial struggles, prompting government consideration of subsidies and aid.

Inquirer NewsInfo

QC Digital Platform Achieves 82% Resolution Rate

Quezon City, Philippines, announced that its digital reporting platform, QC iReport, has resolved 4,580 out of 5,589 non-emergency reports filed by residents in nearly four months, achieving an 82% resolution rate.

GMA News Philippines

Ex-China Envoy Linked to Firms Tied to VP Duterte, Carpio

Former Special Envoy to China Jaime T. Cruz was listed as an incorporator or board member in corporate records of firms linked to Vice President Sara Duterte and her husband, Manases Carpio, a prosecution panel revealed. Testimony from the Securities and Exchange Commission (SEC) confirmed his involvement in multiple companies.

Inquirer NewsInfo

Groups Push Back Against Efforts to Revise Martial Law History

On the 54th anniversary of martial law's declaration, civil society groups across the Philippines recounted stories of arrests, torture, killings, and resistance, urging the public to remember its abuses and resist historical revisionism.

Interaksyon Politics

Commuters Back Bus Firms' Call for Fare Hike Amid Soaring Fuel Prices

Amid soaring fuel prices in the Philippines, major bus company Victory Liner and other operators are urging the government to re-approve a fare increase. Many commuters have voiced support for the company's call on social media, with concerns raised about the sustainability of operations without a fare adjustment.

GMA News Philippines

SEC witness: Share ownership is proof of business participation

A Securities and Exchange Commission (SEC) official testified that share ownership is evidence of participation in a business, a key point in the impeachment proceedings against the Vice President concerning alleged corporate involvement.

Philstar Business

GCash Parent Mynt Set for PSE Listing, Aims to Broaden Investor Base

The upcoming IPO of Mynt, parent company of GCash, is poised to be one of the largest equity transactions in Philippine market history. The listing is being closely watched by regional research firms and is expected to significantly broaden retail investor participation in the country's capital market.

Philstar Business

Jollibee Campaigns Win Multiple Next Awards, Lauding Philippine Brand Strategy

Philippine agency Stratworks has won multiple gold and silver awards at the NEXT Awards Philippines for its campaigns for the national fast-food chain Jollibee, including "Bida Best, Bida Pinoy." These recognitions highlight successful strategic and innovative brand communications, such as expressions of national pride for Independence Day, children's products promoting values, and videos honoring frontliners.

GMA News Philippines

BOC Files Complaint vs. 14 Over Misdeclared Agri Products

The Bureau of Customs (BOC) has filed a complaint with the Department of Justice against 14 individuals, including nine customs personnel, for alleged misdeclaration of agricultural products at the Port of Subic. The misdeclared items, white onions and carrots, are valued at P17.5 million. The BOC also warned of the health risks posed by smuggled goods.

GMA Money Philippines

PH, EU Reach Substantial Agreement on Free Trade Deal

The Philippines and the European Union (EU) have reached a substantial agreement on their free trade deal negotiations, paving the way for its formal conclusion in the coming months. This accord is expected to boost trade and economic cooperation between the two entities.

GMA News Philippines

House Approves OVP's P785.2-M Budget for 2027 Without Interpellations

The Philippine House of Representatives swiftly approved the P785.2-million budget for the Office of the Vice President (OVP) for 2027 without any interpellations. The budget is set to decrease from the previous year, with the OVP emphasizing continued nationwide assistance.

Inquirer Business

BMI Cuts 2026 PH Growth Outlook to 3.3% on Infrastructure Woes

BMI Research has slashed the Philippines' 2026 economic growth forecast to 3.3%, citing persistent infrastructure challenges and concerns over corruption scandals. The agency anticipates no significant recovery in the third quarter, adding to economic uncertainty.

Inquirer Business

BSP Profit Surpasses P100B in Four Months on Forex Gains

The Bangko Sentral ng Pilipinas (BSP) reported a net profit exceeding P100 billion from January to April, driven by significant expense reductions that outweighed lower revenues, particularly boosted by foreign exchange gains. This marks a near doubling compared to the same period last year.

Inquirer Business

Young Filipinos Exhibit High Entrepreneurial Mindset in Asia-Pacific

A recent study reveals that young Filipinos are among the most entrepreneurial in the Asia-Pacific, with over 90% believing an "entrepreneurial mindset" is key to career success. This strong conviction aligns with rates seen in Indonesia and Malaysia.

Inquirer Business

Philippines to Woo Tech Giants for New Clark City Hub

The Philippine government plans to attract global tech giants like Apple and Nvidia to the planned Pax Silica hub in New Clark City, with development potentially starting in 2027. The initiative aims to boost domestic industry and create jobs.

Inquirer Business

Clark Airport Expansion Project Draws Interest from US, Korea

The US International Development Finance Corporation (IDFC) has expressed interest in funding the construction of a second runway at Clark International Airport, a key infrastructure project for the Philippines. South Korea has also shown interest in infrastructure investment, signaling a potential acceleration of Clark's development into a regional hub.

Inquirer Business

SSS on track to grow loan book to P300B

The Social Security System (SSS) is on track to grow its loan portfolio to P300 billion, aiming to support economic recovery and provide financial assistance to its members. The loan book reached P170 billion as of September 2023, driven by steady demand for both regular and new programs.

Inquirer Business

BCDA Investments Surge 535% to P50B in H1

The Bases Conversion and Development Authority (BCDA) in the Philippines reported a 535% surge in approved investments, reaching P49.96 billion in the first half of the year, driven by a boom in aviation and logistics. This marks a significant increase in investments channeled towards transforming former military bases into economic hubs.

Inquirer Business

2027 Agriculture Budget Proposal Raises Concerns for Domestic Industries

The proposed 2027 Department of Agriculture budget in the Philippines, as submitted by the Executive Branch, faces criticism for potentially hindering the growth of domestic agriculture, irrigation water supply, and agricultural exports in its current form due to identified constraints.

Philstar Business

Bus Services at Risk as Soaring Fuel Costs Outpace Fare Freeze

Soaring fuel prices in the Philippines are pushing bus operators to the brink of service suspension. A fare freeze, intended to protect commuters, is straining operations, potentially leading to reduced services and longer waiting times. The impact on public transportation is a growing concern.